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Gulf United Energy (fka GLFE) RSS Feed

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Gulf United Energy ~ GLFE

Gulf United Energy Inc. is an oil and gas exploration and production company with a unique portfolio of potential large-reserve projects in central Colombia and offshore Peru. Based in Houston, Texas, Gulf United Energy is led by a veteran professional management team with significant experience in South America. Near-term seismic-defined oil prospects and a large South American land position create the potential for significant shareholder value.


Shares Outstanding 551,517,726 a/o Nov 15, 2012

Corporate Website:  http://gulfunitedenergy.com/

Current Projects ~ Gulf United Energy exploration and development projects are in South America, where our management team has significant experience. The current portfolio includes interests in exploration blocks in Colombia and Peru with large reserve potential.:  http://gulfunitedenergy.com/projects/
        


Gulf United Energy Commences Drilling Third Well on Block CPO-4

2012-09-05 06:00 ET - News Release
HOUSTON, TX -- (Marketwire) -- 09/05/12

Gulf United Energy, Inc. (OTCBB: GLFE) ("Gulf United" or "the Company"), an independent energy company with interests in oil and natural gas properties located in Colombia and Peru, has filed a Current Report on Form 8-K with the Securities and Exchange Commission to report that drilling has commenced on the third well on Block CPO-4 in the Llanos Basin in Colombia. This third well, the Zorro Gris, has been mapped with 3-D seismic technology and is located in the northeast corner of the 345,592-acre block. The total measured target depth for the Zorro Gris well approximates 13,000 feet, with the primary objectives being the Mirador, Guadalupe, and Une formations.


"The spudding of the Zorro Gris represents an important milestone and a key step forward in the execution of our exploration program on Block CPO-4," commented John Connally, Chairman and Chief Executive Officer of Gulf United Energy, Inc. "The Zorro Gris is the second well currently being drilled by the Company. The Cañaguate-1 well, which is located on the 570,452-acre SSJN-5 block in the Lower Magdalena Valley in northwest Colombia, was spudded in late July."


About Gulf United Energy, Inc.
Based in Houston, Texas, Gulf United Energy, Inc. is an independent energy company with interests in oil and natural gas properties located in Peru and Colombia. The Company's common stock trades under the symbol "GLFE." Additional information can be accessed by reviewing the Company's Form 10-K and other periodic reports filed with the Securities and Exchange Commission ("SEC").


Contact:

Ernest B. Miller IV
Executive Vice President
(713) 523-6336

or

RJ Falkner & Company, Inc.
Investor Relations Counsel
(830) 693-4400
emiller@gulfunitedenergy.com

--------------------------------------------------------------------------------
Source: Gulf United Energy



GLFE Chart on January 14, 2013:  50MA at .0309 and 200MA at .0634!








~~GLFE $30 million oil asset DD with links~~

1) Gulf United Energy Inc. is an oil and gas exploration and production company with a unique portfolio of potential large-reserve projects in central Colombia and offshore Peru. Based in Houston, Texas, Gulf United Energy is led by a veteran professional management team with significant experience in South America. Near-term seismic-defined oil prospects and a large South American land position create the potential for significant shareholder value.

http://gulfunitedenergy.com

-------------------------------------------------------------

2) GLFE oil and gas assets in Colombia and Peru

~~~~~~~~~~~~~~ COLOMBIA ~~~~~~~~~~~~~~~

----Block CPO-4 (12.5% non-operated WI)
•345,592 gross acres (43,200 net) in Llanos Basin
•Operated by SK Innovation

http://gulfunitedenergy.com/projects/block-cpo-4

----Block SSJN-5 (40% non-operated WI)
•570,452 gross acres (228,181 net) in Lower Magdalena Valley
•Operated by SK Innovation

----Block VIM-2 (50% non-operated WI)
•148,513 gross acres (74,256 net) in Lower Magdalena Valley
•Operated by SK Innovation

~~~~~~~~~~~~~~~ PERU ~~~~~~~~~~~~~~~

---Block Z-46 (40% non-operated WI)
•2,803,411 gross acres (1,121,364 net) in Trujillo Basin
•Operated by SK Innovation

http://gulfunitedenergy.com/projects/block-z-46

---Block 24 (5% non-operated WI)
•220,909 gross acres (approximately 80,000 offshore)
•Operated by Upland Energy

http://gulfunitedenergy.com/projects/block-24

---TEA I, II, III, IV (2% non-operated WI)
•Comprises 38,864,977 gross acres
•Onshore, western flank of Andes
•Operated by Upland Energy

http://gulfunitedenergy.com/projects/tea-i-iv

FOR DETAIL CHECK THIS PRESENTATION http://gulfunitedenergy.com/data/uploads/investors/presentations/glfe-8-12a.pdf

----------------------------------------------------------------

3) GLFE Total oil Asset 30 million dollars

Total liabilities 11 million dollars

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8926231

======================================================================
GLFE~~ $25 Million Equity Financing, 30 CENTS PER SHARE


GLFE is pleased to announce the closing of a $25 million private placement, consisting of the sale of approximately 83 million shares of common stock to seven institutional investors at a purchase price of $0.30 per share. Pritchard Capital Partners, LLC acted as the exclusive placement agent in connection with the private placement.
The Company intends to use the proceeds from the financing to fund its exploration activities in Colombia and Peru and for general working capital purposes.
John B. Connally III, Gulf United's Chairman and Chief Executive Officer, commented, "The closing of this funding represents a big step forward for Gulf United Energy, and provides us with the operational and financial flexibility to drive Gulf United Energy through its next phase of drilling and corporate development."

http://gulfunitedenergy.com/news/gulf-united-energy-announces-closing-of-25-million-equity-financing/

==================================================================

4) GLFE management very experienced

GLFE CEO: John B. Connally III

~~ Founding Director of Nuevo Energy, a NYSE listed Houston based E&P company
~~ Founder and former CEO of Pure Energy and Pure Gas Partners, a private E&P company with operations in New Mexico
~~ Associations with Back Nine Energy Partners, Pin Oak Energy, and Commodore Energy Partners
~~ Former Partner at Baker Botts, specializing in corporate finance and M&A in the energy space
~~ Lead Director, Chairman of Compensation Committee and member of the Audit Committee of Endeavour International Corp.

James C. Fluker III, Vice President Exploration

Professional geophysicist and geologist with over 30 years of experience in petroleum exploration

~~ Previous tenures at Exxon, British Gas, and Nippon Oil Exploration
~~ Consultant to SK Energy, Teikoku, and Consolidated Contractors Company
~~ Expertise in acquisition and interpretation of seismic data for onshore/offshore and domestic/international
~~ Proven record of accomplishment of oil discovery in South America, North Africa, and Middle East
~~ Speaks, reads, and writes Spanish fluently

Ernest B. Miller IV, Executive Vice President

Over 20 years of development, operations, and financial experience with energy companies in the US, Canada, and United Kingdom
~~ Partner in Rodeo Development, a private E&P company that was sold in 2008
~~ Former Director of Finance at Calpine specializing in project finance and A&D of natural gas reserves
~~ Associations with Daytona Energy and BPZ Energy

Jim D. Ford, Executive Vice President

Over 30 years of experience in the energy sector
~~ Senior international negotiator with Santa Fe Energy Resources Inc.
~~ Extensive international exposure in South America, Africa, Former Soviet Union, and Asia
~~ Responsible for the negotiations of the first ever production sharing agreement in onshore China
~~ Associations with Rodeo Development, Riata Resources, Intercap Resource Management, and Daytona Energy

NYSE listed Anadarko Petroleum CEO former John N. Seitz, Independent Director

http://gulfunitedenergy.com/news/john-n-seitz-joins-gulf-united-energy-board-as-independent-director/

NYSE listed Anadarko Petroleum shares trading at 77 dollars

http://www.google.ca/finance?q=NYSE%3AAPC&ei=0jHvUPi8MsmHwAORUA

WOW~ Thomas G. Loeffler, Independent Director: Former White House Special Assistant for Legislative Affairs to President Gerald R. Ford

http://gulfunitedenergy.com/news/thomas-g-loeffler-joins-gulf-united-energy-board-as-independent-director/

----------------------------------------------

5) GLFE share structure

GLFE Security Details
Share Structure
Market Value1 $992,732 a/o Jan 09, 2013
Shares Outstanding 551,517,726 a/o Nov 15, 2012
Authorized Shares 700,000,000

Capital Change=shs increased by 5 for 1 split. Ex-date=11/14/2005.

http://www.otcmarkets.com/stock/GLFE/company-info

----------------------------------------------------

6) GLFE Major Share Holders hold 88% of shares

All Insider and more than 5% Owners: 62%

Shares Held by Institutional & Mutual Fund Owners: 7%

Float Held by Institutional & Mutual Fund Owners: 17%

7) Major Direct Holders (Forms 3 & 4)
Holder Shares Reported

GLFE CEO CONNALLY JOHN B III holds 44,550,000 shares

ASKEW JAMES M. holds 39,640,387 shares

FLUKER III JAMES C. holds 3,905,000 shares
SEITZ JOHN N 2,775,000 shares
LOEFFLER THOMAS G holds 2,275,000 shares

Top Institutional Holders

Holder Shares % Out Value* Reported
Ameriprise Financial, Inc. 2,021,864 0.37 121,311 Sep 29, 2012

Top Mutual Fund Holders

Holder Shares % Out Value* Reported
COLUMBIA ACORN FD 50,000,000 9.07 3,000,000 Sep 29, 2012
COLUMBIA ACORN INTERNATIONAL FD 22,525,000 4.08 1,351,500 Sep 29, 2012
Wanger Advisor Trust-Wanger International, Variable Series 3,074,000 0.56 184,440 Sep 29, 2012
Columbia Fds Var Ser Tr II-Var Port-Columbia Wanger Intl Equ 2,021,864 0.37 121,311 Sep 29, 2012
AQR Funds-AQR Diversified Arbitrage Fd 1,959,798 0.36 117,587 Sep 29, 2012

http://finance.yahoo.com/q/mh?s=GLFE+Major+Holders

--------------------------------------------------

~~~~~~ GLFE NEWS ~~~

Gulf United Energy Commences Drilling Third Well on Block CPO-4

http://gulfunitedenergy.com/news/gulf-united-energy-commences-drilling-third-well-on-block-cpo-4/

Gulf United Energy Announces Acquisition of Interest in Block VIM-2 Colombia

http://gulfunitedenergy.com/news/gulf-united-energy-announces-acquisition-of-interest-in-block-vim-2-colombia/

Gulf United Energy Announces Acquisition of Interest in Block SSJN-5 Colombia

http://gulfunitedenergy.com/news/gulf-united-energy-announces-acquisition-of-interest-in-block-ssjn-5-colombia/

Thomas G. Loeffler Joins Gulf United Energy Board as Independent Director

http://gulfunitedenergy.com/news/thomas-g-loeffler-joins-gulf-united-energy-board-as-independent-director/

John N. Seitz Joins Gulf United Energy Board as Independent Director

http://gulfunitedenergy.com/news/john-n-seitz-joins-gulf-united-energy-board-as-independent-director/

Gulf United Energy Announces Appointment of Executive Officers

http://gulfunitedenergy.com/news/gulf-united-energy-announces-appointment-of-executive-officers/

Gulf United Energy Agrees to Acquire Interests in Colombia and Peru

http://gulfunitedenergy.com/news/gulf-united-energy-agrees-to-acquire-interests-in-colombia-and-peru/

Gulf United Energy Announces Completion of 2-D Seismic Acquisition on Block Z-46 Offshore Peru

http://gulfunitedenergy.com/news/gulf-united-energy-announces-completion-of-2-d-seismic-acquisition-on-block-z-46-offshore-peru/

Gulf United Energy Announces Closing of $25 Million Equity Financing

http://gulfunitedenergy.com/news/gulf-united-energy-announces-closing-of-25-million-equity-financing/

-------------------------------------

GLFE Contact

Gulf United Energy Inc.
1222 Barkdull St. Houston TX 77027

Tel: 713.942.6575

-----------------------------

THIS STOCK WAS 1.5 DOLLARS in 2006 NOW AT 00 LEVEL.

http://www.otcmarkets.com/stock/GLFE/chart


The company has 30 million dollars oil asset. It is a very undervalued gem! Read, Check links and make your own decision!
___________________________________


GLFE~$25 Million Equity Financing 30 CENTS PER SHARE


GLFE is pleased to announce the closing of a $25 million private placement, consisting of the sale of approximately 83 million shares of common stock to seven institutional investors at a purchase price of $0.30 per share. Pritchard Capital Partners, LLC acted as the exclusive placement agent in connection with the private placement.
The Company intends to use the proceeds from the financing to fund its exploration activities in Colombia and Peru and for general working capital purposes.
John B. Connally III, Gulf United's Chairman and Chief Executive Officer, commented, "The closing of this funding represents a big step forward for Gulf United Energy, and provides us with the operational and financial flexibility to drive Gulf United Energy through its next phase of drilling and corporate development."

http://gulfunitedenergy.com/news/gulf-united-energy-announces-closing-of-25-million-equity-financing/

___________________________________


GLFE Total oil Asset 30 million dollars

Total liabilities 11 million dollars

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8926231

___________________________________



GLFE ~~Major Holders: 88% OF SHARES

Get Major Holders for:
Breakdown
% of Shares Held by All Insider and 5% Owners: 62%
% of Shares Held by Institutional & Mutual Fund Owners: 7%
% of Float Held by Institutional & Mutual Fund Owners: 17%
Number of Institutions Holding Shares: 2

http://finance.yahoo.com/q/mh?s=GLFE+Major+Holders




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